Ann: Issue of Performance Rights and Retention Ri, page-4

re: Ann: Issue of Performance Rights and Rete... As I understand it terms of T/O explicitly forbid issuing any further rights without Blossomvale’s consent, so if T/O offer was to be kept alive such consent would be necessary.

It beats me however why would Blossomvale volunteer the additional expense of some $1M?

Note that if this extra $1M was used towards the upgrade of their current lousy T/O price this T/O price would then be close to $0.033. Yet Blossomvale has apparently decided to spend this money on the management, not on shareholders. Why?

Is it therefore not a Blossomvale-funded "bonus-in-disguise” for the management to look after their interests? And if so: wouldn't the management be in breach of their statutory obligations towards the shareholders?